Sierra Bancorp (BSRR) Stake Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Sierra Bancorp (NASDAQ:BSRR) by 5.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 876,353 shares of the financial services provider’s stock after buying an additional 48,508 shares during the period. Dimensional Fund Advisors LP owned approximately 6.34% of Sierra Bancorp worth $24,038,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Sierra Bancorp by 22.4% in the first quarter. Vanguard Group Inc. now owns 455,718 shares of the financial services provider’s stock worth $12,500,000 after buying an additional 83,492 shares during the period. FMR LLC raised its position in shares of Sierra Bancorp by 64.3% in the first quarter. FMR LLC now owns 388,869 shares of the financial services provider’s stock worth $10,667,000 after buying an additional 152,200 shares during the period. Wellington Management Group LLP raised its position in shares of Sierra Bancorp by 143.4% in the first quarter. Wellington Management Group LLP now owns 758,673 shares of the financial services provider’s stock worth $20,811,000 after buying an additional 446,962 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of Sierra Bancorp by 206.2% in the first quarter. O Shaughnessy Asset Management LLC now owns 32,580 shares of the financial services provider’s stock worth $894,000 after buying an additional 21,941 shares during the period. Finally, American International Group Inc. raised its position in shares of Sierra Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 7,174 shares of the financial services provider’s stock worth $197,000 after buying an additional 478 shares during the period. 53.92% of the stock is currently owned by institutional investors.

Sierra Bancorp (BSRR) opened at 25.39 on Friday. The firm has a 50-day moving average of $25.46 and a 200-day moving average of $26.06. Sierra Bancorp has a 12-month low of $17.25 and a 12-month high of $29.50. The stock has a market cap of $351.35 million, a PE ratio of 18.41 and a beta of 0.86.

Sierra Bancorp (NASDAQ:BSRR) last posted its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The firm had revenue of $23.20 million for the quarter, compared to the consensus estimate of $22.80 million. Sierra Bancorp had a return on equity of 9.13% and a net margin of 20.35%. Equities analysts predict that Sierra Bancorp will post $1.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Thursday, August 3rd were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, August 1st. This represents a $0.56 annualized dividend and a yield of 2.21%. Sierra Bancorp’s payout ratio is presently 40.88%.

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A number of equities analysts have recently issued reports on BSRR shares. ValuEngine upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research upgraded shares of Sierra Bancorp from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, July 11th. DA Davidson upgraded shares of Sierra Bancorp from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, May 23rd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $27.00 target price on shares of Sierra Bancorp in a research note on Friday, July 14th. Finally, Hovde Group lifted their price objective on shares of Sierra Bancorp from $26.50 to $27.75 and gave the stock a “market perform” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $27.75.

In other news, Director Robert L. Fields sold 9,600 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $27.14, for a total value of $260,544.00. Following the transaction, the director now owns 412,543 shares in the company, valued at approximately $11,196,417.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert L. Fields sold 2,465 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $27.13, for a total value of $66,875.45. Following the completion of the transaction, the director now owns 410,078 shares in the company, valued at approximately $11,125,416.14. The disclosure for this sale can be found here. Insiders sold a total of 12,165 shares of company stock worth $330,119 in the last quarter. 15.24% of the stock is owned by corporate insiders.

Sierra Bancorp Company Profile

Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a state-chartered bank, which offers a range of retail and commercial banking services. The Bank’s products and services are related to the business of lending money and accepting deposits. Its customers have access to electronic point-of-sale payment alternatives around the country through the Pulse Electronic Funds Transfer (EFT) network.

Institutional Ownership by Quarter for Sierra Bancorp (NASDAQ:BSRR)

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